Where do I claim a distribution received from a S Corp I am 50% owner of? The 1120S doesn't seem like it is the correct form. I never had to do this before.

[palopez001]

I don't see where in the Schedule K-1 distribution is covered. No investments have been made in years and this is my first distribution ever received

[Anonymous_]

If you received a distribution, the figure should appear on Line 16 of your K-1.

[MinhT1]

Cash non-dividend distributions from a S-Corp are reported in box 16 with code D.

Distributions are not taxable as long as they do not exceed the basis of your stock.